Forensic Accountants & Fraud Examiners

James Edmonstone

Strategic Partner, CPA, CGMA, CFE, MBA
Financial Fraud Examinations, Dispute Resolution


Jim Edmonstone is a Strategic Partner with GFAS.  He has directed financial, insurance, and audit organizations in Fortune 50 Corporations, and has worked with closely held companies, nonprofits, and governmental entities.

He has settled numerous complex federal, state, and local tax matters; identified and recovered funds resulting from diversions of client assets including the theft of tangible and intellectual property, and has valued and negotiated settlements with distressed insurers and reinsurers.  He has negotiated settlements between parties in pre-trial disputes and numerous construction claims.  Jim also has assisted governments with debt compliance matters.

Jim’s industry experience includes Heavy Industrial Construction; Commercial Construction; Nuclear, Fossil, and Alternative Energy Power Generation; Power Transmission; Public Utility; Public Utility Holding Company; Pulp & Paper; Petrochemical; Property & Casualty Insurance; Health Care; M&A, and Multi-National Retailers. He has worked with corporations such as Ahold, Bechtel, Budget, Danaher, Emerson, Exxon, Fluor, H&R Block, Huffy, Kimberly-Clark, Miracle-Ear, Monsanto, NextEra Energy, Quaker, Sears, Shell, South Carolina Electric and Gas, Target, and Walgreens.

For Colonial Penn Insurance Jim was responsible for the run-off of its commercial insurance lines.  For Sears, in a well-publicized case, he identified Sears’ manufacturing production lines being used to create a competing line for a direct competitor, and directed the multi-year effort to recover the assets and damages.

Professional Designations and Certifications

  • CPA: Certified Public Accountant
    Licensed in the States of Illinois and Texas
  • CGMA: Chartered Global Management Accountant

Professional Memberships and Affiliations

  • Association of International Certified Professional Accountants
  • Association of Certified Fraud Examiners
  • Houston Chapter of Certified Public Accountants
  • Texas Society of CPAs


  • Bachelor of Science, Accounting, Bob Jones University
  • Master of Business Administration, University of Alabama, Birmingham

Expert Forensic Accounting Services

Chicago | Las Vegas


Insurance Claims
Accounting Investigations
Mergers & Acquisitions
Due Diligence Reviews
Dispute Advisory Services
Special Examinations
Contract Audits and Recoveries


Expert Witness Testimony
Commercial Damages
Shareholder/Partner Disputes
Bankruptcy and Insolvency
CPA Malpractice Claims
Contract Disputes
Estate and Trust Disputes
Data Mining & Electronic Discovery


Individual, Trust, and Estate
S-Corp & C-Corp, Partnership
Year-end Tax Planning
and Estimated Tax
Taxation of Executive Compensation
Reasonable Compensation Estimates
Tax Disputes and Audits